Kaspa and XRP represent two cryptocurrencies with strong communities. Despite XRP's market capitalization being significantly higher, the question arises what would happen to Kaspa's price if it captured 15% of XRP's capitalization.
Current Market Positions of Kaspa and XRP
As of today, Kaspa is trading at $0.0925 with a market cap of $2.41 billion and about 26.1 billion tokens in circulation. Meanwhile, XRP trades at $2.20 and has a market cap exceeding $128.94 billion.
The 15% XRP Market Cap Scenario
If Kaspa captures 15% of XRP's market cap, it would amount to $19.34 billion. Dividing this by the circulating supply of Kaspa, we find that the price per token could rise to $0.741. This represents a price increase of approximately 700%.
Odds and Barriers for Kaspa's Growth
Given the current market conditions, there is a 30-40% chance for Kaspa to capture 15% of XRP's market cap. However, Kaspa lacks the institutional backing that XRP has, and it needs to garner more attention on major exchanges such as Coinbase and Binance.
While capturing 15% of XRP's market cap is a challenging task, it is not impossible. Kaspa continues to evolve, and if it seals its market position, its price could potentially rise significantly.
